Summary:**US Bitcoin Crashes 95% as AI Crypto Rivals Surge Ahead***Introduction* American Bitcoin, the mini
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**US Bitcoin Crashes 95% as AI Crypto Rivals Surge Ahead**
*Introduction*
American Bitcoin, the mining and treasury firm co‑founded by Eric Trump, saw its shares plummet roughly 95% in the past month as Bitcoin’s price slid below $20,000 and investors redirected capital toward artificial‑intelligence‑linked crypto projects. The stark move underscores how quickly market sentiment can shift when a dominant asset loses steam while a new narrative gains traction.
*Key Developments*
The company’s stock, traded under the ticker ABTC, closed at $0.42 on Friday, down from a recent high of $8.30. The decline follows a disappointing quarterly earnings report that revealed mining margins squeezed by rising electricity costs and a 30% drop in Bitcoin‑denominated revenue. Simultaneously, several AI‑focused tokens—such as SingularityNET’s AGIX and Fetch.ai’s FET—posted double‑digit gains, attracting inflows from hedge funds that previously held Bitcoin exposure. Analysts note that the Trump‑linked brand has